Electronic Arts 2012 Annual Report Download - page 26
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Non-employee directors making such an election receive shares of common stock valued at 110 percent of the
cash compensation they would have otherwise received. Such shares are awarded via the grant and immediate
exercise of a stock option having an exercise price equal to the fair market value of our common stock on the
date of grant, which is the first trading day of each quarter of the Board year. The only stock options granted
to our directors during fiscal 2012 were to those directors electing to receive all or part of their cash
compensation in the form of stock, as detailed in footnote 4 below. For additional information on the valuation
methodology and assumptions used to calculate the fair value of stock options, see Note 14, “Stock-Based
Compensation and Employee Benefit Plans,” of the Consolidated Financial Statements in our Annual Report
on Form 10-K for the fiscal year ended March 31, 2012. The aggregate number of unexercised stock options
held by each of our non-employee directors as of March 31, 2012 (the last day of fiscal 2012) was as follows:
Mr. Coleman, 87,200; Mr. Huber, 19,600; Ms. Laybourne, 23,800; Mr. Maffei, 107,866; Mr. Paul, 61,033;
Mr. Probst, 1,541,100; Mr. Simonson, 50,200 and Ms. Srere, 87,200.
(4) The following table presents the number of shares each director received in lieu of cash as a result of his or
her elections during fiscal 2012 and the grant date fair value of the immediately exercised options:
Name Grant Date
Exercise Price
($)
Shares Subject to
Immediately Exercised
Stock Options Grants
Grant Date
Fair Value ($)
Jay C. Hoag ............... 11/1/2011 22.46 1,173 26,346
2/1/2012 18.44 857 15,803
42,149
Jeffrey T. Huber ........... 5/2/2011 20.30 778 15,793
8/1/2011 21.95 721 15,826
11/1/2011 22.46 704 15,812
2/1/2012 18.44 857 15,803
63,234
Gregory B. Maffei .......... 5/2/2011 20.30 948 19,244
8/1/2011 21.95 877 19,250
11/1/2011 22.46 857 19,248
2/1/2012 18.44 1,044 19,251
76,993
Vivek Paul ................ 5/2/2011 20.30 813 16,504
8/1/2011 21.95 752 16,506
11/1/2011 22.46 734 16,486
2/1/2012 18.44 895 16,504
66,000
Richard A. Simonson ....... 5/2/2011 20.30 1,151 23,365
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